IOST 4-Hour TA

SLIGHT CORRECTION, THEN MOVE TO NEXT LEVEL?

I'm sitting on 9500 of these tokens, and forgetting about it. I think IOST is looking strong overall, with their recent decision to push the project into DeFi. The chart for this technical analysis comes from the TradingView.com website.

Looks like we are going to have a nice correction, with the stochastic on a very steep downward trajectory. We see 3 big red candles that have printed, following with one small green candle right after IOST crossed a critical fib circle boundary.

I think it will bail off of this line to the down-side, providing a nice buying opportunity for the short run.

This is one of the lowest-priced DeFi projects out there, and IOST has been around ever since I first delved into crypto back in 2017.

It’s a pretty safe bet that they will be around for a while, and the DeFi move might be something we will look back on as the game changer for this token.

Carlton Flowers
The CryptoPro

NOT FINANCIAL ADVICE - Entertainment purposes only. Seek a qualified investment advisor before making any decisions on purchasing cryptocurrencies.

MY LINKS:
www.carltonzone.com/cryptopro
Telegram Group - https://t.me/cryptoprocarlton
https://www.tradingview.com/u/carltonzone/